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KROMI Logistik AG publishes nine-month report for FY 2015/2016

DGAP-News: KROMI Logistik AG / Key word(s): 9-month figures
KROMI Logistik AG publishes nine-month report for FY 2015/2016

13.05.2016 / 07:40
The issuer is solely responsible for the content of this announcement.

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KROMI Logistik AG publishes nine-month report for FY 2015/2016

- Revenue outperforms the market, increasing to EUR 51,045 thousand
(previous year: EUR 46,688 thousand)

- Pure operating earnings, net of currency effects, significantly higher
year-on-year at EUR 1,227 thousand (EUR 925 thousand)

- Outlook confirmed: targeted further revenue growth in upper single-
digit percentage range, continuous EBIT gains expected

Hamburg, May 13, 2016 - KROMI Logistik AG, a provider of end-to-end tools
logistics solutions for manufacturing companies, raised its revenue growth
significantly by 9.3 % during the first nine months of the 2015/2016 fiscal
year. Revenue of EUR 51,045 thousand in total was generated between July 1,
2015 and March 31, 2016 (previous year: EUR 46,688 thousand). KROMI
Logistik lifted sales revenue in all the relevant target sectors and
outperformed the market in terms of its growth. Net of exchange rate
effects, pure operating earnings saw a notable improvement.

In accordance with its strategic goal, the company has succeeded in
expanding its customer base, both in Germany and abroad, and especially
business with large scale customers. During the reporting period in fiscal
2015/2016, revenue in Germany grew to EUR 31,488 thousand, up 4.9 % from
EUR 30,025 thousand in the prior-year period. Operations also developed
very successfully outside Germany: Revenue from abroad stood at EUR 19,577
thousand, some 17.4 % higher year on year (EUR 16,663 thousand).

"We are very satisfied with business developments in Germany and abroad.
Our business in Brazil also performed particularly pleasingly in the
reporting period. Despite the persistently challenging economic
environment, our subsidiary here succeeded in maintaining sales revenues
denominated in the local currency of Brazilian real at the previous year's
level. This success is attributable, among other reasons, to our Brazilian
subsidiary's outstanding success in acquiring new customers", comments Jörg
Schubert, CEO of KROMI Logistik.

The cost of materials increased from EUR 35,324 thousand to EUR 38,759
thousand in the period under review, while the cost of materials ratio,
that came in at 75.9 %, remained virtually unchanged from the year-earlier